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CNBC
Nov 6, 2012 6:00am EST
, larry lindsey will be joining us. and then later today, a very special afternoon edition of "squawk box," we'll pick up election day coverage again at 5:00 p.m. so if you're sticking with us now, stick with us all day and the cnbc team will continue throughout the evening. of course you can take part in all of this by tweeting us and following our coverage, at cnbc 2012 is the handle. mr. kernen. >> let's get the conversation started. chief washington correspondent john harwood joins us from new york this morning. it just occurred to me, john, 5-5 in dixville notch, 16-5 last time. did 11 obama supporters just not show up and is that a metaphor for what we're really watching today, how many of the real zealous obama supporters from last time come out? i don't know. what do you think? we probably shouldn't call -- you have not called the election yet on dixville moch? >> i'm not calling it based on dixville notch, but what could be more appropriate in an a 5-5 showing. we have a deadlock national race. all the polls show very close. although yesterday we had an abc "washington post"
CNBC
Nov 6, 2012 9:00am EST
seen it. >> we're glad you came. >> join us tonight for a special edition of "squawk box." "squawk on the street" begins right now. ♪ >>> after all of the primaries, the ads, the debates, it all comes down to you voting today. good morning. happy election day. welcome to "squawk on the street." i'm carl quintanilla with melis melissa, jim cramer, david faber. some green arrows on the dow. stocks haven't had a three-day winning streak since october 17 as they really do wonder what the end result is going to be after the polls close. as for europe, some pmi numbers coming out. a lot of the negative but some argue not deteriorating as quickly as they have been in recent months and quarters. road map this morning is a long trip from new hampshire to hawaii as americans vote today. markets awaiting the results. bear in mind, 30 million americans have already cast their ballots of early voting. how does that change today's dynamics? >> gm gets 11 billion $11 billi credit lines a sign it may buy back shares from the government. nissan and suzuki see big impact. >> tens of thousands of begi
CNBC
Nov 6, 2012 2:00pm EST
you the floor of the new york stock exchange. bob what are the markets telling us about what is happening with the election? >> i see a classic risk-on trade that doesn't necessarily favor either candidate but some resolution of all of this. what do you see in a risk-on trade, what we are seeing today. look at the dollar index. you see the doll loar move down. put that dollar index up there you go happened a little after 11:30, sitting near the lows for the day, as you can see what are the characteristics in the stock market of the classic risk-on trade? commodity stocks moving up like energy and material stocks to the upside and see transports moving up as well. there are your market leaders, these are the classic risk on, industrials not shown here, nofgt upside. what is the market concerned about, the two things they are most concerned about? a short-term concern that there would be no whipper. wle long-term, concerned about the fiscal cliff. they are hopeful there will be a winner one kind or another and deal with the fiscal cliff somewhere down the road. take a look, i get
CNBC
Nov 6, 2012 4:00pm EST
everybody. debra, good to see you. thanks for joining us, everybody. why do you think that? >> well, as many of your guests have told you today, it's removing that uncertainty. i think this market doesn't care who wins. they'll finally put it to rest. they'll finally know who they're dealing with. it's better the devil you know than the devil you don't. >> gary, you're really focused on that fiscal cliff. are they going to be able to work this out? tell us how you envision this taking place after the election. >> we think this is the critical problem the country faces after the election. we see several scenarios. one is just kick the can down the road. we don't think that's the most likely scenario. the other is going over the fiscal cliff. we don't think that's the most likely scenario. we think there will be some compromise which will create some fiscal drag for the economy. >> if they've not been able to come to a compromise on this yet -- and by the way, this all happened one year ago. everybody who was in place today, that includes the president and congress, this happened on t
CNBC
Nov 5, 2012 11:00pm EST
entertain. so call me at 1-800-743-cnbc. the eve of the election is upon us. and the market is confused. dazed and confused about what to do, and confused about what matters if president obama is re-elected or not. the indecision over the outcome played out once again in today's quiet session. the dow gained 19 points. s&p rallied. nasdaq advanced .59%. tonight i want to show you what really matters in stocks, why they might go up or down independent of the election. don't worry, i'm going to give you some picks for an upset by governor romney, although i'm on record thinking it's most likely not going to go the governor's way. but i bow to popular demand. first up, let's figure out how stocks have really done under president obama, and i'm going to use a prism that i haven't seen anyone else use, the five-year lookback. you cannot use the inauguration day as the starting point. there's too much priced in at that point. almost every stock is higher, so it's irrelevant. the s&p is up 75% from inauguration. we need to go back to when the great recession was just about to begin. i
CNBC
Nov 6, 2012 4:00am EST
. >> so let's get more on this. joining us is julian callow at barclays. julian, good to see you. what do you make of the pmis? >> clearly we're in a situation where the eurozone is still in recession effectively. that's the message coming from them, at the same time at a global level we are seeing some signs of a turning around gradually in terms of very depressed levels of business confidence. in particular i think we really have to look here to the united states and to china to see some stronger business confidence develop over the course of the next six months and that can maybe feed through in the case of the eurozone. of course germany is in a relatively balanced position, but other countries are seeing signs still of ongoing economic contraction if we look at the pure business confidence measures. and that's also born out i think by the labor market indications, as well, such as unemployment. >> does the fact that germany is seen as weakening actually make it easier for the european central bank to be more aggressive because they don't necessarily have to balance the risks of ov
CNBC
Nov 6, 2012 3:00pm EST
it clears the way for us to greece. >> i'm suggesting we start looking at the bogey we've been looking at for so long. >> there's a lot to learn from greece. anybody who's been a parent completely understands. you demand something. you give something. greece keeps taking. they don't give what they're supposed to give. they do it over and over and over. i think greece is the little itty bitty issue in europe. i think the stencil of what they haven't done to get this money and these packages is going to be an issue for other countries. i think it's the problem of trying to fix europe is that promises are always unrequited with regard to the countries getting the assistance. >> steve, what about you? >> i agree. i'm not sure that the focus of austerity is one that's worked particularly well in greece. i think that -- >> you think? >> greece could have been bailed out much earlier. i agree with rick that it's something that's larger than just the issue of greece. it's an issue of european sovereignty. is europe going to act like a sovereign nation the way the united states does? th
CNBC
Nov 6, 2012 5:00pm EST
campaign season so it is sure to be a popular place tonight. you can join the conversation and tweet us, follow our coverage on twitter. this is just the beginning of our coverage tonight. >> it will be big. we have a great lineup of guests tonight including iowa governor terry branstad and chairman and national bureau of economic research president marty feldstein. and then we have former chairman and obama fundraiser robert wolf. later former new jersey governor. and then we have jim cramer with his take on tonight's election and ask what the results mean for various sectors and find out how he thinks you should be positioning your portfolio. >> we all understand the national polls would show obama and romney in a virtual dead heat. tonight it will come down to swing states. scott cohn is in columbus. >> no republican has ever won the white house without winning ohio which explains why mitt romney has been here twice in the last 24 hours. the democrats rpant taking this state for granted either. president obama in columbus last night at a rally attended by about 15,000 people. all of
CNBC
Nov 6, 2012 1:00pm EST
polls tell us that he is ahead in those three? >> yes. >> they do? >> he is ahead in all three. in fact of the nine swing states, tyler, mitt romney has a clear lead only in the state of north carolina. he is even with president obama in florida and many strategists in both parties believe florida will go to mitt romney but he has got to get a lot more than that. >> john harwood, thank you very much. as john outlined it is very difficult for either candidate, frankly, to get to that magic 270 number without the state of ohio and here's video evidence from cleveland as to how important it is. both the romney and the biden campaign planes making stops at the cleveland hopkins airport and holding last-minute appearances in the state. our senior correspondent scott cohn is in the buckeye state, a state with the state of the economy actually cuts both ways. scott? >> yeah, it does, tyler. first, a look at how this day is going. we are at the student union at ohio state university. you can probably see the sun coming in behind me. it's a beautiful day in ohio. 1.8 million absentee votes
CNBC
Nov 5, 2012 7:00pm EST
the kudlow all-stars on both sides of the aisle to help us out for the next hour. >>> first up, the first polls close in 24 hours. that includes the critical battleground state of virginia. so how close will tomorrow be? or can we expect mitt romney or obama to pull off a sizable win? who knows. chief washington correspondent john harwin knows. >> everything we know suggests it's going to be chose. let me give you context for prediction of a romney victory. take the latest nbc/"wall street journal" poll. obama 48%, romney photography%, can't get any closer than that, well wind the margin of error. then go to the battleground states. we've got three late battle ground state polls. first of all in the state of virginia which as you mentioned, polls close early, 13 electoral votes, 48/47, president obama on top. state of florida, two-point lead for president obama. the state of ohio, most people have seen as the hinge point of this election, president obama's up 51/45. let's look at where the battleground states stand. if you average polls taken on the real clear politics website, of t
CNBC
Nov 6, 2012 12:00pm EST
unthinkable.fzv unlikely, yes. out of the question, no. john harwood joins us live with more. >> i'm glad to see all the green you've got today. i'm doing red and blue. let's look at the map. you can see from the states that are both solidly in one candidate's camp or leaning that way. president obama will start the night with 237 electoral votes barring a shocker. mitt romney with 191. here's how to get to the 269-269 tie. give president obama ohio, the state where he's been campaigning hard on the auto bailout. give president obama wisconsin, paul ryan's home state. he's had a consistent lead there and give him the state of new hampshire. give everything else to mitt romney. florida, nu/"carolina, virginia, iowa, colorado, nevada -- which is tough for romney. we get to 269-269. then it goes to congress. the house of representatives picks the president. we have a republican house and will have one after this election. that means mitt romney assuming no elector defects to one side or the other. the house of representatives would elect mitt romney president. but the senate elects the vice preside
Search Results 0 to 10 of about 11